Healthcare private equity group Archimed has sold its fast-growing Italian dental chain Primo Group to Milan-based investor Askia for an undisclosed sum. The acquisition is the latter's first healthcare service investment.
Nearly a third of all private equity-owned health care businesses in Europe have been held for at least five years, according to the new HBI Deals Pipeline tool. That suggests many private equity houses are struggling to sell on their investments.
Germany spends more on healthcare in real terms than any country in Europe. Alongside France, it also has the highest spending ratio for healthcare at 11.2% GDP. Here, we show you how the German for-profit healthcare market breaks down by sector and give you some insight into M&A in its three biggest markets.
What is integrated health care as practiced today in Europe? What can it deliver? And what are the barriers to its adoption>? We look at the lessons from three large projects that have all run for over a decade - The Wigan Deal (UK), Tiohundra (Sweden) and Kinzigtal/OptiMedis (Germany). All three will present at the HBI Policy Summit, April 20-22, 2020, London.
Advent International, the big-spending PE firm which has just bought franchise-focussed Spanish dental chain Vitaldent, is planning to put millions into the business with a view to floating, according to local reports. We speak to a well-placed operator source who is surprised by the speed with which Advent seems willing to splash the cash for its latest acquisition.
Big-spending private equity firm Advent International has moved into European dentistry by buying Vitaldent, a franchise-based chain of dental clinics in Spain and Italy in what could be the first step in building a pan-European platform.
How is Europe's largest private equity invested market faring in these uncertain times, as staff shortages and the continuing uncertainty of Brexit make forecasting the future difficult? In most cases, better than you might think! This was the general response from HBI 2019's learned panel of UK and Ireland experts - but as always there were exceptions that proved the rule.
There was a lot of positivity at HBI 2019 for “one of the most exciting sectors of the moment” according to moderator Tobias Kloesters from LEK Consulting - dentistry. Kloesters was joined by MyDentist CEO Tom Riall, Dr Eddie Coyle from Colosseum Dental, Pieter Lathouwers CEO of Belgium-based Dentius and Vikram Vora from Sabka in India.
Why did Bupa, the international health insurer which is also one of the largest health care service players outside of the USA, announce its 2018 results so quietly that HBI isn't aware of any UK daily reporting them this year? The figures show that Bupa's £3.37bn of revenue from nursing homes, hospitals, dentistry and primary care across a dozen countries, barely made money. Could this be down to its interesting governance structure?
When is a dental franchise not a franchise? According to Vikram Vora, the founder and CEO of affordable dental care specialist Sabka Dentist, when it has more to offer. HBI caught up with him at HBI 2019 to find out more about the franchise with benefits which he says could add up to 2,000 new practices within three years.
HBI talks to Louis Shakinovsky, chairman of Global Dental Services (Clove), about how he and colleagues managed to build the business from nothing in 2011 into India’s largest dental practice with 315 clinics.
UK dentists face tough times, not least mydentist, the UK's largest provider of NHS dentistry. In common with other groups, it has struggled to hit NHS targets and faced clawbacks - £57m (€64m) in 2017. Tom Riall, CEO, thinks he may have found the answer, which he calls "affordable private dentistry". Riall spoke at HBI 2019, and we caught up with him during the event for an exclusive interview to find out more.
Margins are improving at Finnish outsourcing specialist Pihlajalinna which had a difficult start to its year, and the oft-delayed SOTE reforms continue to hamper contracts. We speak to an analyst following the company in the wake of the release of its FY results.
Despite having only formed last year, Vivanta, Spain’s third largest dental group by revenue in a very fragmented market, is for sale. We ask why it is for sale so soon, what price it might reach, and who might be in the running to buy it.
Dental operators in the UK employing their dentists as freelancers are nervously keeping a watching brief on a potential review by HM Revenue & Customs (HMRC) of the way they employ “staff” in the light of the decision which saw Uber drivers re-classified as employees.
Is the UK is losing out to Europe when it comes to healthcare deals? With so much for sale and so little buying activity recently, Healthcare Europa catches up with a UK market analyst to find out more.
Healthcare Europa talks to Philip Buergin, the new CEO of Jacobs Holding-backed Colosseum Dental UK, about problems and opportunities in the UK dental market, the wider European perspective, and Colosseum's plans for the future.